Iraqi News Sunday Afternoon 7-17-22

TLM724 Administrator BondLady’s Corner

It Is Expected That Iraq Will Receive $32 Billion From Turkey For Violating The Pipeline Agreement

Energy   Economy News-Baghdad  The specialist in economic and commercial disputes between countries, lawyer Jaafar Al-Saadi, suggested on Sunday that the Turkish government would compensate Iraq between 25 billion to 32 billion dollars for violating the provisions of the Iraqi-Turkish pipeline agreement signed in 1973 .

Al-Saadi said in a statement reported by the official “Al-Sabah” newspaper, “The agreement stipulates that the Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil coming from Iraq in all storage and disposal centers and the final station, indicating that there are lost amounts resulting from these Turkish violations. ” .

He added, "Iraq's control of the pipeline is a "new sovereign element" to deal with Turkey according to the equation of the lost balance regarding concluding an agreement to share water between the two countries in the Tigris and Euphrates rivers," criticizing "Turkey's position, which still does not care about the drought and desertification that is sweeping the country due to the reduction in quantities the water it releases .

Al-Saadi added, "The Iraqi government must first resort to diplomatic methods to resolve the issues between Iraq and neighboring countries through diplomatic means, because Iraq has strong historical relations with neighboring countries without creating crises in the region, and in the event of the failure of diplomatic solutions regarding oil and water fields, resort to international courts."

211 views  Added 07/17/2022 - 12:55 PM   Update 07/17/2022 - 4:27 PM

https://economy-news.net/content.php?id=28921

Learn About The Dollar Exchange Rate

Economie| 09:41 - 07/17/2022  Baghdad - Mawazine News, the dollar exchange rates decreased, today, Sunday, in the local markets.   And the selling prices of the dollar were 148,450 dinars per 100 dollars, while the purchase prices of the dollar were 148,350 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=199574

Iraq Is The Fourth Exporter Of Oil To The United States Last Week

Sunday 17 July 2022 10:39 | Economic Number of readings: 306  Baghdad ( NINA ) - Iraq ranked fourth as the most oil-exporting country to the United States last week.

And the US Energy Information Administration announced, today, Sunday, that Iraq's oil exports to the United States during the past week amounted to more than 300,000 barrels per day, to be the fourth largest source of oil to the United States.

It added that the average US imports of crude oil during the past week from eight countries amounted to 5.957 million barrels per day, an increase of 55 thousand barrels per day compared to the previous week, which amounted to 5.902 million barrels per day.

She indicated that Iraqi oil exports to America amounted to an average of 302 thousand barrels per day last week, down from the previous week, in which oil exports to America reached an average of 362,000 barrels per day, but it is still the fourth largest oil exporter to America during the past week./End 3

https://ninanews.com/Website/News/Details?key=988041

The Governor Of Basra Discusses With The Italian Ambassador The Infrastructure And Economic And The Possibility Of Italian Companies Entering To Work In The Province

Sunday 17 July 2022 15:59 | Economic Number of readings: 85  Basra / NINA / - The Governor of Basra, Asaad Al-Eidani, discussed with the Italian Ambassador to Iraq Maurizio Cricante today, Sunday, areas of infrastructure and economics and the possibility of Italian companies entering to work in the province.

Al-Eidani said during a conference held at the rest house: The governorate has the possibility of joint cooperation with the Italian side to transfer its successful experiences to the governorate and to create twinning between one of the Italian cities and Basra.

To that, the Italian Ambassador Cricante said during a press conference that it is my first visit to the governorate after assuming the position a few months ago. Pointing out that the Italian side has several important companies working in the economic sector in the province, which is one of the most important Iraqi provinces on the economic level.

He called for re-launching joint cooperation between the two parties "and strengthening economic relations by contracting with Italian companies to work in various fields such as infrastructure and others for reconstruction in the province." Noting his support for the reconstruction of all monuments in Iraq.

He pointed out that Italy supports Iraq by guaranteeing its right to defend its people against terrorism through the training of the Iraqi armed forces./ End   https://ninanews.com/Website/News/Details?key=988096

Tomorrow.. 6 Governorates Will Disrupt The Official Working Hours On The Occasion Of Eid Al-Ghadeer

Money and business  Economy News-Baghdad  Today, Sunday, a number of governorates announced the suspension of official working hours for tomorrow, Monday .

And Najaf Governorate announced the suspension of official working hours on Monday, on the occasion of Eid Al-Ghadeer .  The governorates of Diwaniyah and Wasit also decided to suspend official working hours on Monday for the same reason .  The governorates of Muthanna, Babil and Dhi Qar also announced the suspension of official working hours for tomorrow, on the occasion of Eid Al-Ghadeer.

139 views  Added 07/17/2022 - 11:41 AM  Update 07/17/2022 - 4:30 PM

https://economy-news.net/content.php?id=28920

Al-Nusairi: Sustainable Development In Iraq Is Achieved By Strategic Economic Agreements With Brotherly And Friendly Countries

Articles  Samir Al-Nusairi   Based on the final statement of the Security and Development Summit, which concluded yesterday, Saturday in Saudi Arabia, and the speech of Prime Minister Mustafa Al-Kazemi at the summit meeting, in which he emphasized Arab economic integration through the agreements signed by Iraq with Saudi Arabia, the Gulf Cooperation Council countries, Egypt and Jordan in electrical interconnection projects. And his proposal to establish the Middle East Bank for Sustainable Development.

Adviser to the Association of Iraqi Private Banks, Samir Al-Nusairi, stressed the need for the new government to move towards building and securing infrastructure and investment and strategic projects that achieve sustainable development, and this is achieved through strategic agreements with Arab, regional and foreign countries and institutions sponsoring and supporting the economy, and entering Iraq into long-term agreements and contracts with countries with advanced economies. With the aim of developing the production and service sectors and the oil industry in particular.

In an interview with "Economy News today", he called for the implementation of Iraq's Vision 2030 and the strategies prepared by the committees and the advisory body in the Council of Ministers in cooperation with the international organizations of the United Nations, and the comprehensive reform plan for economic reform set by the government, which needs to be put into actual application and not only on paper.

Al-Nusairi urged working towards defining a clear methodology or strategy for the Iraqi economy, and policies and programs in all fields, especially in the areas of food security, development, climate change, green economy and renewable energy in line with the world’s current great and complex economic challenges, most notably the inflationary stagnation, low rates of economic growth and high prices, in particular.

Especially in foodstuffs and energy products in most major countries and developing countries, including Iraq and the Arab countries, which is expected to suffer from these challenges within the coming months, and there will be a vision of the importance of having tight financial management and policies, as well as combating financial and administrative corruption, which represents A stumbling block in the path of sustainable development sought by Iraq.

Al-Nusairi stressed that the current stage requires standing at the laws concerned with economic affairs and working to refine, refine and amend them, and not to maintain the application of laws that are inconsistent with the reality of the Iraqi economy, which were enacted after 2003, including the Banking Law 94 of 2004 and the Law of the Iraq Stock Exchange 74 of 2004

Investment Law 11 of 2006 and Companies Registration Law 20 of 1997 These laws regulate banking and economic work in Iraq

Al-Nusairi stressed the importance of careful study and analysis of the efforts of the Central Bank in carrying out its tasks, achieving the objectives of monetary policy, stimulating and revitalizing the economy, evaluating and classifying banks and developing them structurally, structurally and technically, and focusing on coordination with the financial policy regarding the implementation of programs of a financial system with clear goals for all relevant parties. And benefiting from the ideas and goals presented.

In the Central Bank’s strategy for the years (2021-2023) with the aim of reforming the Iraqi banking sector and clearly focusing on creating banking infrastructure and applying modern technologies in banking work with the completion of technical projects implemented by the Central Bank of Iraq.

It must be emphasized that sustainable development cannot be achieved without the practice of real banking, which is the banking sector's orientation towards strengthening and activating the initiatives of the Central Bank in banking financing for small, medium and large projects.

84 . views  Added 07/17/2022 - 11:08 AM  Update 07/17/2022 - 3:55 PM  

https://economy-news.net/content.php?id=28916

The Appearance Of Muhammad Salih To / Nina /: The Electrical Connection .. Emergency Support And Not A Substitute For Reorganizing The Electricity Sector

Sunday 17 July 2022 09:43 | Economic Number of readings: 342  Baghdad / NINA / - The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the electrical connection with the Gulf countries is an emergency support and is not a substitute for reorganizing the electricity sector.

He told the National Iraqi News Agency ( NINA ) that linking electric power networks is an important hub for cooperation and building the foundations for joint development and regional stability.

Saleh added that our country's economic renaissance is the cornerstone and it has a role in the stability and prosperity of the region. There is no stability without Iraq.

He explained that the electrical connection is an important part of the networking system in the region and has a role in regulating the future of energy and exchanging the surplus of it among neighboring countries.

Saleh stressed that Iraq, with its geostrategic location, represents the cornerstone between the Arab region and the non-Arab region and has an active role in laying the foundations for stability, especially across the economic and financial sectors.   https://ninanews.com/Website/News/Details?key=988028

Planning Intends To Launch The Anti-Poverty Strategy On This Date

Economie| 12:22 - 17/07/2022    Baghdad - Mawazine News  The Ministry of Planning intends to launch the anti-poverty strategy at the end of the first quarter of next year.

The Director General of Strategy in the Ministry, Sabah Jundi Mansour, told the official newspaper, "It is not possible to determine the random increase or decrease in the poverty rate without relying on accurate and realistic surveys," noting that "work is underway to prepare the poverty strategy to find out the exact percentages that would facilitate the work of The concerned authorities in the country to take the necessary measures.

Mansour added, "In conjunction with the preparation of the strategy, we began preparing the economic and social survey of the family, which measures the real poverty rates at the level of the governorates and their affiliated districts," noting that "in the next three months, preliminary indicators will appear in this regard."

And Mansour indicated that "the surveys conducted by the Central Statistical Organization to determine the poverty rate are based on taking a random sample from all districts and sub-districts in the governorates to fill out a pre-prepared form that includes many questions about the living situation, income, nutrition, and others, to come up with accurate results and reach the real poverty rate in the country." .

And he continued, "When determining the percentage of poverty, the conditions of the Iraqi market are taken into account, from the rise and fall in the prices of materials in general, and compared to the income of the individual," noting that "according to the latest poverty strategy in 2018, the poverty rate reached 20 percent." Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=199595

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